A revealing, data-driven evaluation of the Advanced Technology Program--the Clinton administration's ambitious bid to reshape federal innovation policy--where analysts Loren Yager and Rachel Schmidt scrutinize the economic justifications, project selection criteria, and real-world results behind one of Washington's boldest experiments in government-funded technology investment, offering essential insight for anyone questioning how public dollars shape innovation.

The authors review the economic rationales of the Commerce Department's Advanced Technology Program and the criteria for project selection.